INSTANT VIEW 1-Czech Q4 wage growth picks up pace

    PRAGUE, March 7 (Reuters) - The Czech real average gross 
monthly wage rose 4.6 percent year-on-year in October-December, 
accelerating from 3.1 percent in the previous quarter, data 
released on Wednesday showed. 
     
KEY POINTS: 
(y/y change in pct)    Q4/06    Q3/06    2006      2005 
 real change            4.6      3.1      3.9       3.4 
 nominal change         6.2      6.1      6.5       5.4 
 
 (Full table of Q4 data...........................[nPRA001182]) 
  
- Average wage in the fourth quarter stands at 21,592 Czech 
crowns ($1,007). 
- Full-year 2006 average wage at 20,211 crowns. 
- Average seasonally-adjusted nominal gross wage rises 1.6 
percent in the fourth quarter from the previous three months. 
     
 BACKGROUND: 
- Jan producer prices figures                    [ID:nL21213928] 
- Jan consumer inflation figures                 [ID:nL14403418] 
- Dec industrial output figures                  [ID:nL14213337] 
- Report on last Czech c.bank rate decision      [ID:nL01449456] 
                                                 [ID:nPRA001176] 
  
LINKS: 
- For further details on fourth-quarter wages and past data, 
Reuters 3000 Xtra users can click on the Czech Statistical 
Bureau's Website: 
    http://www.czso.cz/eng/csu.nsf/kalendar/2004-pmz 
 
- For LIVE Czech economic data releases, click on        
- Instant Views on other Czech data                 [CZ/INSTANT] 
- Overview of Czech macroeconomic indicators            [CZ/ECI] 
 
- Key data releases in central Europe    [CEE-CONVERGENCE-WATCH] 
- For Czech money markets data click on                 
- Czech money guide                                       
- Czech benchmark state bond prices                    
- Czech forward money market rates                       
 
 ((Writing by Jan Lopatka; Editing by Alan Crosby; 
prague.newsroom@reuters.com; Reuters Messaging: 
jan.lopatka.reuters.com@reuters.net; +420 224 190 477)) 
 ($1=21.44 Czech Crown) 
  Keywords: CZECH ECONOMY/WAGES